Parametric resonance is a kind of specific fluid-induced vibration for pipes conveying fluid. This paper focuses on revealing the qualitative characteristics of parametric resonances of the pipe with pulsating fluid speed in thermal environment, and compares the differences between the resonance characteristics in subcritical and supercritical regions. According to the generalized Hamilton's principle, the partial-differential-integral governing equation of a straight pipe is established. Under simply-supported boundary conditions, the non-trivial equilibrium configuration is obtained analytically. The governing equation of a supercritical pipe is derived by coordinate substitution on the basis of the new equilibrium configuration. The approximate analytical solution of parametric resonance for a pipe conveying fluid in a thermal environment is obtained by using the direct multi-scale method. The approximate analytical solution is verified to be reliable by using the Runge-Kutta method. The stability bounds of the parameters inducing parametric resonance are investigated via the introduced analytical method. The results show that the influence of temperature increment on sub-harmonic resonance is non-monotonic. In the subcritical region, when the temperature increment increases, the unstable region widens. This means that the system is more prone to parametric resonance, and the response amplitude decreases. In the supercritical region, when the temperature increment increases, the unstable bandwidth decreases, and the response amplitude increases. When viscous damping is increased or the average velocity is decreased, the sub-critical instability region decreases, and the supercritical instability region increases. With the increase in the pulsation velocity, the unstable bandwidth of subcritical and supercritical regions will increase, and parametric resonance is more likely to occur.